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RUT at 1475
I’m going to add a butterfly at 1440 strike and keep wings balanced at 50 points apart.
Order Ticket Type Asset Duration Strike C/P BTO RUT 20SEP 1490 PUT STO X2 RUT 20SEP 1440 PUT BTO RUT 20SEP 1390 PUT Total Debit: 6.80 – 7.00 RUT at 1512
We’re adding Tier 2 Butterfly:
Buy To Open 1430/1490/1540 Put Butterfly
Order Ticket Type Asset Duration Strike C/P BTO RUT 30SEP 1540 PUT STO X2 RUT 30SEP 1490 PUT BTO RUT 30SEP 1430 PUT Total Debit: 6.50
The next add point when RUT trades above 1530-
This reply was modified 6 years, 8 months ago by
Igor.
ROKU at 133.82
I’m looking to enter a bullish position in ROKU.
I’m selling an OTM Put with an Implied Probability of Profit around 80%.
This is a POSITIVE DELTA, POSITIVE THETA trade.
My profit target is around 50-80% of collected credit and I will make any adjustments when ROKU trades down to 122
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 6SEP 120 PUT Total Credit: 1.60 ROKU at 138.16
We’ve reached our 1st target (50% of collected credit).
One way to manage this trade is to Buy To Close 120P at 0.85c debit and move on.
I’m going to convert this Short Put into a Short Strangle by:
Sell To Open 6SEP 155 Call for 0.90c
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 6SEP 155 CALL Total Credit: 0.90 NOW at 266.40
I’m going to sell an OTM Put and an OTM Call with 16 days to expiration.
The put has a delta of 17 and a call has a delta of 13.
Combined, this should give me an Implied POP around 70-75%
I’m going to look to collect 50-80% of credit and exit the trade
OR
Make adjustments at 255 or 280.
Order Ticket Type Asset Duration Strike C/P Sell To Open NOW 6SEP 285 CALL Sell To Open NOW 6SEP 250 PUT Total Credit: 2.80 – 2.90 TSLA at 223.39
I’m taking a bullish bet on TSLA with only 15 days until expiration.
I’m selling an OTM put with an Implied Probability Of Profit around 80%.
I will try to collect 50-80% of the premium OR adjust when TSLA trades below 212.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 6SEP 210 PUT Total Credit: 3.40 TSLA at 213.50
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 6SEP 227.5 CALL Total Credit: 2.75 RUT at 1456
We’re going to take this trade off for a 15% ROR
Order Ticket Type Asset Duration Strike C/P STC RUT 30SEP 1540 PUT BTC X2 RUT 30SEP 1490 PUT STC RUT 30SEP 1430 PUT Total Credit: 7.90 Closing 1410/1470/1520 Butterfly:
Order Ticket Type Asset Duration Strike C/P STC RUT 30SEP 1520 PUT BTC X2 RUT 30SEP 1470 PUT STC RUT 30SEP 1410 PUT Total Credit: 7.30
Risk Profile:
BA at 359
I’m going to sell a short term strangle with an Implied Probability of Profit around 75%
I’m selling a 16 delta put and a 16 delta call. This puts my short strikes at about 1 standard deviation with 9 days to expiration.
I will target 50-80% of collected credit to exit the trade
AND
I will make the necessary adjustments at 345 or 370 levels.
Order Ticket Type Asset Duration Strike C/P Sell To Open BA 6SEP 375 CALL Sell To Open BA 6SEP 342.5 PUT Total Credit: 2.80 RUT at 1495
We’re going to take this trade off for a win.
We have 2 put butterflies. We’re going to close both.
Close 1390/1440/1490 Put Butterfly
Order Ticket Type Asset Duration Strike C/P STC RUT 20SEP 1490 PUT BTC X2 RUT 20SEP 1440 PUT STC RUT 20SEP 1390 PUT Total Credit: 7.00 Close 1490/1540/1590 Put Butterfly
Order Ticket Type Asset Duration Strike C/P STC RUT 20SEP 1590 PUT BTC X2 RUT 20SEP 1540 PUT STC RUT 20SEP 1490 PUT Total Credit: 15.70 NOW at 265
I’m going to take this trade off at about 60% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close NOW 6SEP 285 CALL Sell To Open NOW 6SEP 250 PUT Total Debit: 1.20 ROKU at 148
We’re going to make an adjustment:
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 6SEP 138 PUT Buy To Close ROKU 6SEP 120 PUT Total Credit: 0.70 TSLA at 224.87
We’re going to make an adjustment:
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 6SEP 217.5 PUT Buy To Close TSLA 6SEP 210 PUT Total Credit: 1.25 TSLA at 225.54
We’re going to close out this trade and look to put on a new TSLA trade.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 6SEP 227.5 CALL Buy To Close TSLA 6SEP 217.5 PUT Total Debit: 4.55 ROKU at 156
I’m going to roll 138P up to 152.5 for additional credit. This trade has 3 days to expiration and we should be closing this trade out in a couple of days.
Order Ticket Type Asset Duration Strike C/P Sell To Open ROKU 6SEP 152.5 PUT Buy To Close ROKU 6SEP 138 PUT Total Credit: 2.00 -
This reply was modified 6 years, 8 months ago by
